When Comparing Prices and Terms on a Sample of Sales

question 90

Multiple Choice

When comparing prices and terms on a sample of sales invoices with the authorized price list and terms of trade,the auditor is testing the ____________ assertion.

• A) cutoff
• B) authorization
• C) occurrence
• D) completeness

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Definitions:

Aboriginals

Indigenous peoples native to a land or region, especially in reference to the First Nations, Inuit, and Métis peoples of Canada.

Assimilate

The process by which individuals or groups adopt the culture, behaviors, and norms of another group, often losing their original identity or culture.

Primordial Event

An original or first occurrence that has foundational significance in history or a particular field of study.

Founding Ideologies

Core beliefs and principles that form the basis of a system, organization, or movement.